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Uplus.com/edugen/lti/main.uni Financial Accounting Tools for Business Decision Making, Ninth Edition WPLUS Custom Course for the University of Akron Halo Sotem Anments Date Problem OBA 1-2
Uplus.com/edugen/lti/main.uni Financial Accounting Tools for Business Decision Making, Ninth Edition WPLUS Custom Course for the University of Akron Halo Sotem Anments Date Problem OBA 1-2 (Part Level Subson) Wingbird, Inc. is a retailer operating in Calgary, Alberta bides the perpetual inventory method. Assume that there are no credit transactions as wested in a Description Unit Cost or Selling Price Dec. 31 Ending inventory 155 $15 Jan, 2 Purchase 95 23 Jan. 6 Sale 150 40 Jan. 9 Purchase 20 26 Jan 10 50 45 Jan. 23 Purchase 100 27 Jan. 30 Sale 130 (al) Your answer is correct. Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.) Jan. 1 $1 18 Jan. 2 19.9 $ Jan. 6 19.9 Jan. 9 22.95 SU Jan. 10 22.95 Jan. 23 25.2 $ Jan. 30 25.2 Click if you would like to show Work for this question Open Show Work (a2) For each of the following cost flow assumptions, calculate (1) cost of goods sold, (ii) ending inventory, and (II) gross profit. (Round answers (1) LIFO. (2) FIFO. (3) Moving average. LIFO FIFO Moving average Cost of goods sold $ $ Ending inventory $ $ Gross profit $ $ Click if you would like to show Work for this question: Doen Show Work
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